Two-Family
New
For Sale
$1,199,000
2048 E 54th St, Brooklyn, NY 11234
Two-floor duplex with separate bedroom and bathroom layouts, finished basement, shared driveway, and rear parking.
Days on Market5
Property Features for 2048 E 54th St
General Information
Standard status
Active
Property subtype
Multi Family
Building Details
Building Size
2,250 SF
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Siu Wai (Cherie)Wong
(917) 708-9966
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 31 at 10:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tiger Realty
Investment Insights
Based on property information with market context.
This two-family duplex provides two distinct living arrangements within one property. The second-floor unit features three bedrooms and 1.5 bathrooms, while the first-floor unit offers two bedrooms and one bathroom. A finished basement adds additional usable space, and the home is supported by a shared driveway with rear parking.
Located at 2048 E 54th St in Brooklyn’s Old Mill Basin / Bergen Beach area, the property benefits from strong walk and transit scores, along with bikeability. BikeScore is 66 (Bikeable), walkScore is 84 (Very Walkable), and transitScore is 80 (Excellent Transit). Built in 1960, the duplex is a straightforward option for an owner-occupant or a rental-focused buyer.
The configuration supports day-to-day privacy between floors while maintaining a simple site setup with shared driveway access and rear parking.
Located at 2048 E 54th St in Brooklyn’s Old Mill Basin / Bergen Beach area, the property benefits from strong walk and transit scores, along with bikeability. BikeScore is 66 (Bikeable), walkScore is 84 (Very Walkable), and transitScore is 80 (Excellent Transit). Built in 1960, the duplex is a straightforward option for an owner-occupant or a rental-focused buyer.
The configuration supports day-to-day privacy between floors while maintaining a simple site setup with shared driveway access and rear parking.
Key Highlights
- Second‑floor unit: three bedrooms and 1.5 bathrooms
- First‑floor unit: two bedrooms and one bathroom
- Finished basement
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.8k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $112.6k | $50.03 |
| − OpEx | −$33.8k | −$15.01 |
| NOI | $78.8k | $35.02 |
2,250 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$985.0K – $1.31M
NOI $78,799 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$981.3K
$858.6K – $1.14M
NOI $68,690 @ 7.0% cap · market cap 5.73%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,410 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-floor duplex with separate bedroom and bathroom layouts, finished basement, shared driveway, and rear parking.
Where is this duplex located?
The property is located at 2048 E 54th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Second‑floor unit: three bedrooms and 1.5 bathrooms; First‑floor unit: two bedrooms and one bathroom; Finished basement
